Financing Calculator
Purchase Price:
Your estimated vehicle purchase price or the Turner VW Audi selling price. For
a more accurate payment estimate include applicable federal and provincial taxes,
freight charges, licensing costs, accessories, extended warranty/service contracts,
life/accident/health insurance policies, etc.
Cash Down Payment:
The amount of cash you intend to use as a down payment.
Net Trade-In:
The value you estimate Turner VW Audi will place on the
vehicle you wish to trade, after subtracting any balance
you owe on the vehicle.
Balance to Finance:
The amount to finance after subtracting down payment
and net trade-in amounts from the original purchase price.
Term:
The number of months over which you wish to finance your
vehicle. Turner VW Audi may have a broader selection
of term options.
Annual Percentage
Rate:
The interest rate used in the calculation of the monthly
payment.
LEASE Calculator
Leased
Vehicle Amount:
Commonly referred to as the "Capital Cost", this is your estimated
lease price or Turner VW Audi's best lease price plus any other items included
in the lease such as accessories, freight, licensing, extended warranty/service
contracts, life/accident/ health insurance policies, etc. Unlike traditional
retail financing, do not include taxes in the Leased Vehicle Amount as federal
and provincial taxes are calculated on the base monthly payment amount.
Lease Cost Reduction
- Cash:
This is simply a cash down payment to reduce the Leased Vehicle Amount or "Capital
Cost" of the vehicle. It is applied to the lease at the time of lease signing.
A lease cost reduction helps to reduce your monthly payment.
Lease Cost Reduction-
Trade:
This is simply the value you estimate Turner VW Audi will place on the vehicle
you wish to trade in, after subtracting any balance you owe on the vehicle. The
leased vehicle amount or "Capital Cost" will be reduced by this amount and
it will be applied at the time of lease signing. A lease cost reduction helps
to reduce your monthly payment.
Net Leased Amount:
The remaining lease amount after subtracting lease cost reductions (cash down
payment, trade-in, etc.) from the leased vehicle amount.
Term:
The number of months over which you wish to lease your vehicle. Turner VW Audi
may have a broader selection of term options.
Annual Percentage
Rate:
The interest rate used in the calculation of the estimated monthly payment assuming
the lease runs to the scheduled lease end.
Guaranteed
Option to Purchase Price:
Also known as the residual value or buyout value, this is the amount you can
pay to purchase the vehicle at the end of the lease, if you decide to exercise
your option to purchase. Guaranteed option to purchase price is fixed at lease
inception and varies by vehicle, model, usage and length of lease. Taxes, costs
and expenses incurred if you exercise your option to purchase, are extra. Contact
Turner VW Audi for further Guaranteed Option to Purchase Price information.
Amount
to be Amortized:
This is simply the Net Lease Amount less the Guaranteed Option to Purchase Price
amount. The calculation of the estimated monthly payments is based on this amount.
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